Industrial development and Renovation Organization of Iran (IDRO) was established in 1967 to develop the industry sector and to accelerate the industrialization process of the country. IDRO has become a conglomerate and holding company in recent years. A conglomerate is a large company that consists of divisions of often seemingly unrelated businesses. ... A holding company is a company that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors. ...
In the course of its 38 years of activity, IDRO has gradually become a major shareholder of some key industries in Iran. In recent years and in accordance with the country's privatization policy, IDRO has made great efforts to privatize its affiliated companies. while carrying on its privatization policies and lessening its role as a holding company, IDRO intends to concentrate on its prime missions and to turn into an industrial development agency. IDRO has focused its activities on the following areas in order to materialize such strategy and to expedite the industrial development of Iran: To meet Wikipedias quality standards, this article or section may require cleanup. ...
Promotion of local and foreign investments with minority holdings owned by IDRO (less than 50% of the shares) with particular emphasis on new, Hi-tech and export-oriented industries.
Restructuring the existing industries through participation of reputable foreign companies in order to transfer new technologies and to enhance the non-oil exports of Iran.
Development of general contracting activities with the participation of the Iranian private sector and credible foreign companies.
Rendering consultancy and support services to foreign investors.
Pars International Development & Engineering Company (PIDECO)
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Yadak Trading Co. (SAIPA)
Supplying Automotive Parts Company (SAPCO)
Sazeh Gostar SAIPA Co.
Toos Payvand Co.
Heavy Equipment Production Company (HEPCO) is an Iranian company producing road construction equipment in Iran and the Middle East. ... Iran Combine Manufacturing Company is an Iranian combine harvester manufacturer. ... Iran Khodro (khodro means automobile in Persian) is a major Iranian industrial manufacturer, manufacturing automobiles for the domestic and export markets. ... SaiPa is a Finnish ice hockey team playing in SM-liiga based at Kisapuisto (capacity 4847), Lappeenranta. ... Wagon Pars (founded in 1974) is an Iranian train manufacturing company. ...
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